(A) The Downtown Development Authority shall be under the supervision and control of a board consisting of the City Manager of the city and ten members appointed by the City Manager, subject to approval by the Commission. At least five of the members shall be persons having an interest in property located in the downtown district. At least one of the members shall be a resident of the downtown district, if the downtown district has 100 or more persons residing within it. Of the members first appointed, two shall be appointed for one year, two for two years, two for three years, and two for four years. A member shall hold office until the member's successor is appointed. Thereafter, a member shall serve for a term of four years. The term of office for the first Board shall begin October 22, 1990. An appointment to fill a vacancy shall be made by the City Manager for the unexpired term only. Members of the Board shall serve without compensation, but shall be reimbursed for actual and necessary expenses. The Chairman of the Board shall be elected by the Board.
(B) Before assuming the duties of office, a member shall qualify by taking and subscribing to the constitutional oath of office.
(C) The Board shall adopt rules governing its procedure and the holding of regular meetings, subject to the approval of the Commission. Special meetings may be held when called in the manner provided in the rules of the Board and in accordance with applicable state law. Meetings of the Board shall be open to the public.
(D) Pursuant to notice and an opportunity to be heard, a member of the Board may be removed for cause by the Commission. Removal of a member is subject to review by the Circuit Court.
(E) All expense items of the authority shall be publicized monthly and the financial records shall always be open to the public.
(Ord. 711, passed 10-22-90)